NextPlat Corp. (NASDAQ:NXPL) Short Interest Down 31.9% in July

NextPlat Corp. (NASDAQ:NXPL) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 5,209 shares, a drop of 31.9% from the June 30th total of 7,645 shares. Based on an average trading volume of 39,473 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.4% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

NXPL has been the subject of a number of recent research reports. Weiss Ratings raised NextPlat from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Zacks Research upgraded NextPlat to a “hold” rating in a research report on Thursday, June 25th. Finally, Litchfield Hills Research initiated coverage on NextPlat in a research note on Wednesday, June 24th. They set a “buy” rating and a $11.00 price target on the stock. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $11.00.

NextPlat Price Performance

Shares of NASDAQ:NXPL opened at $6.17 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.12 and a current ratio of 2.56. NextPlat has a 52 week low of $3.38 and a 52 week high of $11.10. The firm has a market cap of $16.72 million, a PE ratio of -1.43 and a beta of 1.87. The firm’s fifty day moving average is $6.48 and its 200-day moving average is $5.99.

NextPlat (NASDAQ:NXPL) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.42) earnings per share for the quarter. The company had revenue of $9.86 million during the quarter. NextPlat had a negative net margin of 23.14% and a negative return on equity of 58.05%. Sell-side analysts predict that NextPlat will post -0.55 earnings per share for the current year.

Institutional Investors Weigh In On NextPlat

An institutional investor recently bought a new stake in NextPlat stock. Citadel Advisors LLC acquired a new position in shares of NextPlat Corp. (NASDAQ:NXPL) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 48,176 shares of the company’s stock, valued at approximately $40,000. Citadel Advisors LLC owned about 0.19% of NextPlat at the end of the most recent reporting period. Institutional investors own 1.30% of the company’s stock.

NextPlat Company Profile

NextPlat Corp operates as a healthcare and e-commerce company in Europe, North America, South America, the Asia and Pacific, and Africa. The company operates full-service retail specialty services pharmacies that provides prescription pharmaceuticals prescription pharmaceuticals, third-party administration, risk and data management services, compounded medications, tele-pharmacy services, anti-retroviral medications, medication therapy management, contracted pharmacy services, and health practice risk management to healthcare organizations and providers, as well as supplies prescription medications to long-term care facilities.